WRI

Company Profile

Weingarten Realty- (WRI)-engages in the management, acquisition, and development of real estate. It operates in two segments, Shopping Center and Industrial. As of June 30, 2005, Weingarten Realty Investors owned or operated under long-term leases, directly or through its interest in joint ventures or partnerships, a total of 350 developed properties and 3 properties that are in various stages of development. Its properties include 294 shopping centers and 59 industrial properties. Weingarten Realty Investors qualifies as a REIT for federal income tax purposes. As a REIT, it would not be taxed on the portion of its income, which is distributed to shareholders, provided it distributes at least 90% of its taxable income. The company was founded in 1948 and is based in Houston, Texas. As a REIT, capital gains are accounted for differently, so please consult with a tax advisor.